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ICO Review: Verasity

Verasity is developing a blockchain-based video sharing platform with the goal of empowering creators and improve video watching online.

Looking to create an ecosystem for video creators and viewers to directly transact on the blockchain, they hope to create a marketplace for video via their VERA token. While most video creators have a difficult time monetizing off of their creations on platforms like YouTube, Verasity looks to change that with their patent-pending Proof Of View model, which might be a gamechanger for the industry.

In looking to raise a hard cap of $25,000,000 with a soft cap of $4,000,000 reached, Verasity could be a pretty exciting project to keep an eye on. Here’s what we think of their whitepaper:

Biggest Drivers

Verasity lists out the most significant ways they aim to change the video streaming industry as:

Verasity also includes designs for hosting platform, wallet, and marketplace. Their whitepaper goes into significant detail on the different components of these, as we’ve barely scratched the surface. This is definitely a team that’s done their homework, which is why these components could be a gamechanger.

Our Thoughts

Verasity is a well-thought-out project that’s already well underway. They do an excellent job of outlining the specifics of their mission and don’t skimp on any details, including how items like their Proof Of View functions. Furthermore, they have an excellent understanding of how the infrastructure of the industry works, as well as how their blockchain solution contributes. Their whitepaper hits every major point that it needs to (from development and timeline to go-to-market strategy and competition), which goes to show they’re serious about changing the world with their market. Overall, this is a great ICO to buy into, especially if you think blockchain can transform this industry.